Global ETF News Older than One Year
ETF Securities Weekly Flows Analysis-Commodity rally drives a mixture of profit-taking and position building
January 16, 2017--Crude oil, industrial metal and gold ETPs see inflows as the price rally draws in investors.
Palladium ETPs see profit taking after a very strong rally.
Inflows into short European equity ETPs the highest since July 2016.
First inflows into crude oil ETPs since November 2016 as investors encouraged by Saudi Arabia adhering to quota. There were US$44.2bn of inflows into long crude oil ETPs last week as oil prices regained losses earlier in the week.
Source: etfsecurities.com
Deutsche AM celebrates 10 years of growth and innovation in ETFs
January 16, 2017--Deutsche Asset Management's (Deutsche AM's) db X-trackers ETF business is
preparing for a further decade of growth and innovation following the 10-year anniversary of the listing of its first ETFs.
The first db X-trackers ETF, the db x-trackers MSCI World Index UCITS ETF, which now has over Euros 2.5 billion in assets1, listed on the Deutsche Börse in January 2007 and marked the start of a 10-year period that saw the db Xtrackers business become one of the world's largest and most established ETF providers.
Source: Deutsche Asset Management
WEF-Weak and Unequal Recovery: Five-Year Average Decline in Living Standards in Advanced Countries Highlights Need for New Growth Model
January 16, 2017--World Economic Forum report proposes new economic growth framework to widen social inclusion.
Finds annual median per capita income declined across all advanced countries by average rate of 2.4% over the past five years, and growth per capita averaged less than 1%.
New approach to structural reform proposed to raise growth and reduce inequality at same time.
Alternative measure of national economic performance based on inclusive development rather than GDP introduced. 109 countries ranked.
view the World Economic Forum The Inclusive Growth and Development Report 2017
Source: WEF (World Economic Forum)
BlackRock ETP Landscape ETP Landscape: A record year for flows
ETP Landscape December 2016
January 16, 2017--INDUSTRY HIGHLIGHTS
Global ETPs set a new flows record in 2016, posting another year of double digit organic growth.
Global ETP flows of $379.5bn represented 13% organic growth and exceeded last year's record of $350.7bn, fueled by record flows for fixed income, a second-half surge in U.S. equities and renewed appetite for broad emerging markets equities
Fixed income flows set a new annual record of $115.0bn, driven by new highs for investment grade corporate bonds, U.S. TIPS and emerging markets debt funds
U.S. equity flows rallied in the second half of 2016 led by large caps with $82.3bn and boosted by new annual flow records in small cap and dividend funds
Broad emerging markets equities gathered $26.7bn in 2016, breaking a three-year streak of outflows, lifted by a leveling in commodities prices and a more stable U.S. dollar in the period before the U.S. presidential election
Source: BlackRock-ETP Research
Investors fight back on aggressive covenant terms
January 13, 2017--Investors dug in their heels this week on three investment-grade bond deals that tried to include more issuer-friendly terms, signaling that-for now at least-enough is enough.
Borrowers scrapped language in new bond offerings that would have spared them from paying a make-whole premium in the event of a default (from a simple covenant breach to actual bankruptcy).
Source: Reuters
DECPG Global Weekly-January 13, 2017
January 13, 2017--TAKING STOCK
The World Bank forecast global growth to accelerate moderately in 2017
U.S. jobless claims rose slightly in the first week of 2017, retail sales rose modestly in December
Euro Area industrial production accelerated in November, the unemployment rate was unchanged
Japan's current account surplus expanded in November
China's reserves fell further in December, producer prices accelerated
Source: World Bank
BlackRock and Vanguard enjoy record inflows
January 13, 2017--Titans of asset management capitalise on popularity of low-cost passive investments
The world's two largest asset managers, BlackRock and Vanguard, enjoyed the largest inflows in their history last year as a record amount of money moved into low-cost passive investments at the expense of traditional actively managed funds.
Source: FT.com
Report on sterling "flash event", released by the Markets Committee
January 13, 2017-The Markets Committee today released its analysis of the 7 October 2016 "flash event" during which sterling depreciated by around 9% versus the dollar in early Asian trading, before quickly retracing much of the move.
The report concludes that a range of factors-rather than a single driver-catalysed the event.
Source: BIS
BlackRock reports $41 billion in institutional net inflows in quarter; net income falls 3%
January 13, 2017--BlackRock (BLK)'s assets under management reached $5.15 trillion as of Dec. 31, up 1% from three months earlier and up 11% from a year earlier, the firm said in its earnings statement released Friday.
Net inflows to the firm's long-term strategies were $87.8 billion in the fourth quarter, compared to net inflows of $55.2 billion in the third quarter and net inflows of $53.9 billion in the year earlier quarter.
Source: www.pionline.com
FSB publishes Policy Recommendations to Address Structural Vulnerabilities from Asset Management Activities
January 12, 2017--The Financial Stability Board (FSB) today published Policy Recommendations to Address Structural Vulnerabilities from Asset Management Activities.
The document sets out 14 final policy recommendations to address the following structural vulnerabilities from asset management activities that could potentially present financial stability risks:
liquidity mismatch between fund investments and redemption terms and conditions for open-ended fund units;
leverage within investment funds;
operational risk and challenges at asset managers in stressed conditions; and
securities lending activities of asset managers and funds.
Source: Financial Stability Board (FSB)
